
The global specialty chemicals market is projected to grow from $721.5 billion in 2024 to $1063.4 billion in 2032. As Sri Lanka's economy develops, there will be increased demand for specialty chemicals across various sectors such as construction and manufacturing. With ongoing investments in infrastructure and industrial projects, there will be a rising need for specialty chemicals used especially in construction materials, coatings, and adhesives. Most industries that focus on promoting sustainable practices may encourage the use of eco-friendly specialty chemicals, driving innovation and market growth. However, the rising cost of raw materials and rapid price fluctuations negatively impact profitability. Maintaining consistent quality in specialty chemicals and finished...
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